Examples of Original Pledge Agreement in a sentence
Pledgors and Security Trustee desire to amend and restate the Original Pledge Agreement.
To the extent that any certificates, instruments of transfer or other documents of title relating to any of the Pledged Collateral which are required to be delivered to the Security Trustee hereunder have already been delivered to Deutsche Bank AG, London Branch in its capacity as security trustee under and for the purposes of the security interests over such Pledged Collateral pursuant to the Original Pledge Agreement, the requirements of this Section 4(a) shall be deemed satisfied.
The Trustee shall take all steps reasonably required to release any part of the Collateral from the Lien under this Agreement in connection with the sale of such asset by the Company if the proceeds thereof are used to satisfy prior and senior Liens in accordance with the terms of the Original Pledge Agreement and the Original Indenture and if all remaining proceeds, if any, are used or delivered as required by this Section 10.
The Original Pledge Agreement is hereby amended and restated as provided herein.
However, the number of different association configurations increases exponentially with the number of sensors in use.